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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| De La Rue Plc | LSE:DLAR | London | Ordinary Share | GB00B3DGH821 | ORD 44 152/175P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 98.60 | 13,073 | 08:26:10 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 97.00 | 99.80 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Printing, Nec | 310.3M | -20M | -0.1020 | -9.67 | 193.29M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:21:37 | O | 1,037 | 99.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/11/2024 | 09:00 | UK RNS | De La Rue PLC Appointment of joint broker |
| 01/11/2024 | 09:43 | UK RNS | De La Rue PLC Total Voting Rights |
| 21/10/2024 | 09:03 | UK RNS | De La Rue PLC Holding(s) in Company |
| 15/10/2024 | 09:14 | ALNC |  De La Rue signs sale of Authentication unit for GBP300 million |
| 15/10/2024 | 06:00 | UK RNS | De La Rue PLC Proposed sale of Authentication for £300m |
| 25/9/2024 | 17:52 | ALNC | EARNINGS AND TRADING: Indus Gas in supply strife; Caspian profit down |
| 25/9/2024 | 14:49 | UK RNS | De La Rue PLC AGM Statement, trading update & strategic update |
| 09/8/2024 | 15:33 | UK RNS | De La Rue PLC Notice of AGM |
| 01/8/2024 | 09:03 | UK RNS | De La Rue PLC Total Voting Rights |
| 31/7/2024 | 13:07 | UK RNS | De La Rue PLC Holding(s) in Company |
De La Rue (DLAR) Share Charts1 Year De La Rue Chart |
|
1 Month De La Rue Chart |
Intraday De La Rue Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/11/2024 | 07:41 | *** De La Rue *** | 3,048 |
| 14/4/2023 | 20:03 | De La Rue - world 's largest commercial security printer and papermaker | 1,350 |
| 15/3/2021 | 08:29 | DLAR blockchain - breaking out | 2 |
| 22/11/2005 | 13:57 | The Official De La Rue Thread | 110 |
| 19/2/2003 | 00:16 | De La Rue - Wins the right to pring UK Bank Notes.. Should virtually double .. | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:21:38 | 99.00 | 1,037 | 1,026.63 | O |
| 08:08:00 | 99.00 | 9,714 | 9,616.86 | O |
| 08:06:55 | 99.00 | 2,322 | 2,298.78 | O |
| 2024-11-20 16:35:18 | 98.60 | 17,457 | 17,212.60 | UT |
| 2024-11-20 16:25:22 | 98.09 | 18,251 | 17,903.12 | O |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 by De La Rue Daily Update De La Rue Plc is listed in the Commercial Printing, Nec sector of the London Stock Exchange with ticker DLAR. The last closing price for De La Rue was 98.60p.De La Rue currently has 196,038,354 shares in issue. The market capitalisation of De La Rue is £193,293,817. De La Rue has a price to earnings ratio (PE ratio) of -9.67. This morning DLAR shares opened at - |
Posted at 19/11/2024 10:33 by kooba On a Davy initiation note they gave the date as 28th Nov.Seems CA has got much in its activism right now..the appointment of the new Chair initially stabilised a very unstable ship and is now driving delivering value for shareholders from a situation that had their accounts qualified and looked in serious risk of breaching covenants.Not a great outcome for longer term holders after the declining currency markets and loss of market share but certainly appears there will be a far better outcome than might have been expected when the price hit 30p only 18 months ago.Hopefully more good news in the pipeline. |
Posted at 19/11/2024 08:00 by argylerich she-ra, I didn't say that the 2 are mutually exclusive, just looking at the likely "fruition" timetable for the best share price :-) |
Posted at 13/11/2024 15:21 by jensen10 Fair point W. A buyback theoretically has no impact on the share price as all you are doing is converting cash to treasury shares which you cancel. So less shares outstanding vs less cash. Any smart ideas how CRS can sell their shares without a takeover of the currency unit? |
Posted at 13/11/2024 14:13 by wbodger That's not how a tender offer works. CA have one sixth of the Shares, about 33 million, so they would be offered (like everyone else) £1.50 a share for 25% of their holding. Ie £1.50 for each of 8,250,000 shares (a quarter of 33 million), and everyone's remaining shareholding including CA's retained 24,750,000 would continue to trade, probably at a much lower price because (using your figure) £75 million of DLAR's cash had been spent.CA would still own one sixth of DLAR's Market Cap, and still have exactly the same influence on the Board. Your suggestion is a method of favouring one shareholder over the others. Not blooming' likely. |
Posted at 12/11/2024 10:19 by jensen10 If I was DLAR management I would seriously consider using some of the net cash of 140mm to launch a tender offer/buyback for up to 25% of the company shares at 1.50. would cost approx 75mm. Allows CRS to exit and clears the overhang. Left with a company with net cash of 65mm. No debt. No pension liability. Largest order book in 10 years. Could be a nice dividend paying stock to hold and worth more than 150mm |
Posted at 15/10/2024 07:17 by rimau1 Good point, DLaR is certainly worth today 140 with the standalone currency business. As part of the strategic review and sales process bidders would have looked at the currency division so highly likely that DLaR is now a sitting duck. |
Posted at 25/9/2024 16:02 by wbodger "await payment on a number of key customer contracts. We have also started to incur costs in relation to the separation process. As a result, we expect net debt at 28 September 2024 to be in excess of that at the end of FY24."Yikes. What a terrible update. I hope Bernstein goes hostile and invites bids at a price he would accept but the Board probably wouldn't. I expect all of the major shareholders would join him in ousting the Chairman. Just get out of this terrible Company. RNS was released at 3:49. In three quarters of an hour the share price fell 11%. Anyone still willing to trust this Chairman? Goodness knows what momentum traders will do to it tomorrow. |
Posted at 27/7/2024 12:28 by kooba Agree with Jensen they have updated appropriately and the share price is likely a reaction to that statement with the results. Unless they now have firm proposals it is unlikely they need to update further.As I said ( and the share price is indicating) it appears there will be further developments before Sept but unlikely anything more to report until they have something more advanced . |
Posted at 27/7/2024 10:36 by mickyl M&A code if anyone is interested. It’s a bit long winded but worth a read.The activity in the market may force DLR to reveal the interested parties. 3.5 Secrecy, announcements, offer periods and the "put up or shut up" rule Before any public announcement of a bid, the Takeover Code requires absolute secrecy. The object of this rule is to avoid the risk of a false market. Agreed code names should therefore always be used for all parties in place of their real names from the moment any takeover is under consideration. Advisers are required to warn their clients of the utmost importance of maintaining secrecy. The Takeover Code requires a bid to be put forward, in the first instance, to the board of the target. The identity of the bidder must be disclosed. A number of provisions of the Takeover Code apply only during an "offer period". This is the period starting from the first announcement of a bid or of a possible bid until either (i) all announced bids and potential bids have lapsed or been withdrawn or (ii) the bid has completed. The fact that the first announcement will commence an offer period makes the timing of this announcement particularly important. An announcement is required by the Takeover Code: when a firm intention to make a bid is notified to the target board by or on behalf of a bidder, irrespective of the target board's attitude to the bid; when a person acquires an interest in shares which takes their aggregate interests to 30% or more and they are obliged to make a mandatory bid (see 4.4); when, following an approach by or on behalf of a potential bidder to the target board, there is rumor and speculation or an untoward (generally 5% or more) movement in the target's share price; when, after a potential bidder first actively considers a bid but before an approach has been made to the target board, the target is the subject of rumor and speculation or there is an untoward movement in its share price and there are reasonable grounds for concluding that it is the potential bidder's actions (whether through inadequate security or otherwise) which have led to the situation; when negotiations or discussions are about to be extended beyond a very restricted number of people, i.e., outside those who need to know in the companies concerned and their immediate advisers; or when a purchaser is being sought for an interest, or interests, in shares carrying in aggregate 30% or more of the voting rights of a company or when the board of a company is seeking one or more potential bids, and: the company is the subject of rumor and speculation or there is an untoward movement in its share price; or the number of potential purchasers or bidders approached is about to be increased to include more than a very restricted number of people. Before a potential bidder approaches the target board, the potential bidder is responsible for making any required announcement. Following an approach to the target board, the target will be responsible for making any required announcement unless it has unequivocally rejected any approach (in cases of doubt, the Panel should be consulted). Such an announcement (known as a "possible offer announcement") need only be a short announcement stating, for example, that the target has received an approach "which may or may not lead to an offer being made for the company". However, any announcement by the target must disclose the identity of all potential bidders who have approached it, unless such approach has been unequivocally rejected, and will specify a 28-day "put up or shut up" deadline by which the potential bidder must clarify its intentions either by stating that it won't make a bid or by making a firm intention announcement committing it to launch a formal bid. This is known as a "2.7 announcement" as it is pursuant to Rule 2.7 of the Takeover Code. While the possible offer announcement could go into more detail, e.g., in respect of the terms of the bid, there may be consequences of doing so under the Takeover Code, e.g., the bidder may be held to those terms, and careful thought will need to be given to the wording and consequences of any announcement. A potential bidder can generally avoid making an announcement when there is rumor or speculation regarding its intentions by stopping active consideration of the bid (subject to Panel dispensation, which is usually granted). The potential bidder may thereafter not actively consider making a bid for the target for a period of six months, except in certain limited circumstances. However, the Panel can still require an announcement to be made if rumor or speculation continues in relation to the potential bidder. Once a 2.7 announcement of a firm intention to make a bid has been made, a bidder must (unless it obtains Panel consent to do otherwise) proceed with the bid and publish the full and detailed offer document within 28 days after that announcement.However A person making a statement that they do not intend to make a bid will normally be bound by that statement for a period of six months. This is often referred to as a "2.8 statement" as it is subject to Rule 2.8 of the Takeover Code. Any such statement must be clear and unambiguous. It is essential that parties involved in making public bids are aware of this principle |
Posted at 25/10/2023 08:51 by kooba Crystal Amber DLAR largest holder commentary with todays results.De La Rue plc ("De La Rue")We have previously explained how De La Rue stands out as a case study of how poor leadership is the ultimate destroyer of shareholder returns. The company has a long and proud history, having been established in 1821 and has been printing banknotes since 1860. In 1982, the share price was 617.5p. Forty-one years later, it traded at below 30p. Ten years ago, De La Rue paid an annual dividend of 42.3p a share. In 2019, the dividend was shelved.In July 2020, De La Rue completed a GBP100 million fundraise which was priced at 110p per share. The Fund was the largest investor in this raise and ended up owning around 18% of De La Rue's issued share capital. Following a significant rise in the share price, the Fund reduced its exposure and reverted to being a 10% shareholder.As early as January 2022, the Fund publicly highlighted operational and strategic mistakes at De La Rue. Rather than engage constructively, management was completely dismissive.Last September, the Fund commented that it believed that De La Rue was in a critical position, with essential strategic decisions required. In July 2022, the Fund wrote to the Chairman and Chief Executive of De La Rue to request that Crystal Amber, as a 10% shareholder, be invited to nominate a director in a non-executive capacity. After more than two months of procrastination and attendance at several meetings, the proposal was rejected. The board of De La Rue then called a meeting of shareholders to vote on the Chairman's future. In December 2022, the Chairman was re-elected. Following a profit warning in January 2023, the Fund requisitioned a meeting of shareholders in March 2023 to remove Chairman Kevin Loosemore. Following a further profit warning in April, his position became untenable and he resigned.In May 2023, Clive Whiley was appointed Chairman. By the end of the following month he was able to successfully negotiate a reduction in contributions to the pension plan, revise and relax banking covenants and secure the removal of the material uncertainty going concern audit qualification. Against this improved backdrop and with increasing evidence of a cyclical upturn in the currency market, the Fund substantially added to its holding. During the summer, the Fund increased its shareholding from less than 10% of De La Rue's issued capital to close to 17%. The average cost of these purchases was 41.2p a share. The Fund remains of the view that the strategic value of De La Rue continues to be substantially more than its operational value and that it is now an attractive takeover target in an industry requiring consolidation. |
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